Preview

Probability: Playing Card and Vocational Training

Good Essays
Open Document
Open Document
480 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Probability: Playing Card and Vocational Training
PROBABILITY QUESTIONS
Q1). You draw a card at random from a standard deck of 52 cards. Neither you nor anyone else looked at the card you picked. You keep it face down. Your friend then picks a card at random from a remaining 51 cards. a) What is the probability that your card is ace of spades? 1/52 b) What is the probability that your friend’s card is ace of spades? (Hint: Construct the sample space for what your friend’s card can be.) 1/51 c) You turn over your card and it is 10 of diamonds. Now what is the probability that your friend’s card is the ace of spades? 1/51
Q2). Suppose that 25% of the population in your area is exposed to a television commercial of Ford Automotive, and 34% is exposed to Ford’s radio advertisements. Also it is known that 10% of the population is exposed to both means of advertising. If a person is randomly chosen out of the entire population in this area, what is the probability that he or she was exposed to at least one of the two modes of advertising?
ANS: P(A) = 0.25 P(B) = 0.34 P(A^B) = 0.10
Probability that he/she was exposed to at least one mode of advertising = 0.25 + 0.34 + 0.1 = 69%
Q3). A Firm has 550 employees, 380 of them have had at least some college education, and 412 of the employees underwent a vocational training program. Furthermore, 357 employees are both college educated and have had vocational training. If an employee is chosen at random, what is the probability that he or she is college educated or has had the vocational training or both?
Q4). A bank loan officer knows that 12% of the bank’s mortgage holders lose their jobs and default on the loan in the course of 5 years. She also knows that 20% of the bank’s mortgage holders lose their jobs during this period. Given that one of her mortgage holders just lost his job, what is the probability that he will now default on the loan?
Q5) A Recent survey conducted by Towers Perrin and published in the Financial Times showed that among 460

You May Also Find These Documents Helpful

  • Good Essays

    a. We don’t know John’s genotype, but we have a good idea of Mary’s genotype. Why? What are the possible genotypes for each? What are the possible gametes that can be produced by each?…

    • 658 Words
    • 3 Pages
    Good Essays
  • Good Essays

    iii. The player, including the dealer is dealt two cards at the start of the game, and must hit or stand,…

    • 494 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Nt1330 Unit 3

    • 1201 Words
    • 5 Pages

    A marketing research firm wishes to determine if the adult men in Laramie, Wyoming would be interested in a new upscale men's clothing store. From a list of all residential addresses in Laramie, the firm selects a simple random sample of 100 and mails a brief questionnaire to each. Use this information to answer the next three questions.…

    • 1201 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Quiz for 5wk Statistics

    • 942 Words
    • 4 Pages

    Use the binomial probability distribution to answer the following probability questions. According to government data, the probability that an adult under 35 was never married is 25%. In a random survey of 10 adults under 35, what is the probability that:…

    • 942 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    4) In one town, 37% of all voters are Democrats. If two voters are randomly selected for a survey, find the probability that they are both Democrats.…

    • 831 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Math 107 Quiz

    • 577 Words
    • 3 Pages

    1. Classify the following statement as an example of classical, empirical, or subjective probability and explain your reasoning.…

    • 577 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Mm207 Final

    • 620 Words
    • 2 Pages

    4. If you were to randomly select a student from the set of students who have completed the survey, what is the probability that you would select a male? Explain your answer.…

    • 620 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    E2020 Course Work

    • 557 Words
    • 3 Pages

    In Section 10, you learned about promotion and advertising of a business. Now, you'll apply what you learned to your company idea.…

    • 557 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Econ 272

    • 256 Words
    • 2 Pages

    • During the 2010 Super Bowl® game, the Snickers™ candy bar campaign was voted the best ad among men and women 18 and older and youth 18 or younger. The ad featured a neighborhood football game in which one of the players, who has dwindling energy, is tackled again and again. His teammates tell him, “You play like Betty White!” The 80-year-old actress and comedian appears in the ad as the football player being tackled. If you were the owner of the ADBOWL® website, how would you draw the sample to measure the best ad that aired during the Super Bowl® game among the three groups of interest?…

    • 256 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Stats Study Sheet

    • 1042 Words
    • 5 Pages

    2. A sample of college students was asked whether they would return the money if they found a wallet on the street. Of the 93 women, 84 said “yes,” and of the 75 men, 53 said “yes.” Assume that these students represent all college students (Data source is from UC Davis and can be found in the textbook).…

    • 1042 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Confident Interval

    • 658 Words
    • 3 Pages

    (c) Would it be unusual if a random sample of 300 adults results in 18% or less being smokers?…

    • 658 Words
    • 3 Pages
    Good Essays
  • Good Essays

    3. What is the probability that the true proportion of the professor’s students who were registered…

    • 770 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Color and Probability

    • 434 Words
    • 2 Pages

    3. A jar contains colored stones that are 4 pink stones, 9 orange stones and…

    • 434 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    SIG Interview Questions

    • 3039 Words
    • 11 Pages

    2. I have 20% chance to have cavity gene. If I do have the gene, there is 51% chance that I will have at least one cavity over 1 year. If I don’t have the gene, there is 19% chance that I will have at least one cavity over 1 year. Given that I have a cavity in 6 months, what’s the probability that I have at least a cavity over 1 year?…

    • 3039 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    S.Mb Business

    • 429 Words
    • 2 Pages

    The advertising agency promoting the new Breem dishwashing detergent wants to get the best exposure possible for the product within the $100,000 advertising budget ceiling placed upon it. To do so, the agency needs to decide how much of the budget to spend on each of its two most effective media: (1) television spots during the afternoon hours and (2) large ads in the city's Sunday newspaper. Each television spot costs $3,000; each Sunday newspaper ad costs $1,250. The expected exposure, based on industry ratings, is 35,000 viewers for each TV commercial and 20,000 readers for each newspaper advertisement. The agency director, Mavis Early, knows from experience that it is important to use both media in order to reach the broadest spectrum of potential Breem customers. She decides that at least 5 but no more than 25 television spots should be ordered; and that at least 10 newspaper ads should be contracted. How many times should each of the two media be used to obtain maximum exposure while staying within the budget?…

    • 429 Words
    • 2 Pages
    Satisfactory Essays